The Industrial Automation Market Size was valued at USD 182.1 Billion in 2023 and is expected to reach USD 377.9 Billion by 2032 and grow at a CAGR of 8.45% over the forecast period 2024-2032.
The industrial automation market is experiencing robust growth as industries increasingly adopt advanced technologies to enhance operational efficiency, reduce human error, and drive productivity. This surge is propelled by innovations in robotics, artificial intelligence (AI), and the Internet of Things (IoT), which enable companies to streamline manufacturing processes, improve safety, and lower operational costs. Automation systems, such as Programmable Logic Controllers (PLCs), Supervisory Control and Data Acquisition (SCADA) systems, and Human-Machine Interfaces (HMIs), have become integral to modern production lines, providing real-time monitoring, control, and data analytics. With the rise of Industry 4.0, automation technologies are further transforming industries like automotive, pharmaceuticals, and consumer goods by enabling more flexible, customizable, and scalable production solutions.
As companies strive for digital transformation, the demand for industrial automation is expanding across emerging markets, where industries are modernizing to meet global standards and increase competitiveness. Additionally, the integration of cloud computing and edge computing in industrial automation systems is revolutionizing data processing, providing enhanced scalability, security, and connectivity. The growing trend of smart factories, equipped with AI-driven predictive maintenance and supply chain optimization, is also a major driver. With industries shifting towards sustainability, automation technologies are playing a crucial role in reducing waste, optimizing energy consumption, and improving resource management. This convergence of technological advancements and sustainability goals is expected to continue driving growth in the industrial automation market over the next decade.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Industrial Automation industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Industrial Automation market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation, and other players.
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Industrial Automation market.
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It has segmented the global Industrial Automation market
By Components
Hardware
- Photoelectric
- Laser
- Inductive
- Others
- Motor
- AC
- DC
- Drive
Sensors
- PLC
- HMI
- Servo
- Laser Markers
- Safety Light Curtain
- Robots
Software
By Industry
- Discrete Automation
- Automotive
- Electronics
- Heavy Manufacturing
- Packaging
- Others
Process Automation
- Oil & Gas
- Chemicals
- Pulp & Paper
- Mining and Metals
- Healthcare
- Others
Key Points Covered in the Report:
- A through analysis of value and volume at the worldwide, sector, and regional levels is included in the global Industrial Automation ' market report.
- The study offers a full business size Industrial Automation ' from a global point of view through a review of past facts and possible scenarios.
- Geographically, the Industrial Automation of market analysis includes the number of regions and their contrast of revenue.
- The market analysis focuses on ex-factory costs, output volume, market share & sales for every manufacturer on a company level basis.
Key Reasons to Purchase this Report:
- A comprehensive study of market size, share and dynamics is a global Industrial Automation 'market research report and a thorough survey of developments in the field.
- It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
- In addition to the strategic landscape for commodity pricing and marketing, the Industrial Automation ' industry research also provides key players.
- This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment.
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